{"id":836802,"date":"2025-03-26T08:12:14","date_gmt":"2025-03-26T13:12:14","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/26\/gamestop-adds-bitcoin-as-a-treasury-reserve-asset\/"},"modified":"2025-03-26T08:12:14","modified_gmt":"2025-03-26T13:12:14","slug":"gamestop-adds-bitcoin-as-a-treasury-reserve-asset","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/26\/gamestop-adds-bitcoin-as-a-treasury-reserve-asset\/","title":{"rendered":"GameStop adds Bitcoin as a treasury reserve asset"},"content":{"rendered":"<div data-site=\"CoinJournal\">\n<div data-site=\"CoinJournal\">\n<picture><source  type=\"image\/webp\" media=\"(min-width: 750px)\"><source  type=\"image\/webp\"><source  type=\"image\/jpeg\" media=\"(min-width: 750px)\"><source  type=\"image\/jpeg\"><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2021\/06\/01-Gamestop.jpg\" alt width=\"100%\" height=\"100%\">\n<\/picture>                            <\/div>\n<ul>\n<li>GameStop has announced that its board has approved the addition of Bitcoin as a treasury reserve asset.<\/li>\n<li>The video game operator shared the news via a press release on Tuesday, March 25, 2025.<\/li>\n<li>Bitcoin price hovered above $88k at the time of writing.<\/li>\n<\/ul>\n<p>GameStop, the publicly-traded video game operator, has announced that it\u2019s adding Bitcoin (BTC) as a treasury reserve asset.<\/p>\n<p>The New York Stock Exchange listed company, whose GME has become a popular meme stock, announced the move via a <a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/03\/25\/3049165\/0\/en\/GameStop-Announces-Update-to-its-Investment-Policy-to-Add-Bitcoin-as-a-Treasury-Reserve-Asset.html\" target=\"_blank\" rel=\"noopener\">press release<\/a> on Tuesday.<\/p>\n<h2>GameStop to buy Bitcoin<\/h2>\n<p>According to the announcement, GameStop\u2019s board unanimously approved the decision to update the company\u2019s investment policy to allow for adoption of BTC.<\/p>\n<p>The company joins a host of others to have jumped onto the Bitcoin as a treasury reserve asset bandwagon following huge moves by Tesla and <a href=\"https:\/\/coinjournal.net\/news\/strategy-plans-to-offer-five-million-shares-to-purchase-additional-bitcoin-with-new-preferred-stock\/\">Strategy<\/a>. The latter, formerly MicroStrategy, has gone on to become the world\u2019s largest corporate holder of BTC.<\/p>\n<p>GameStop\u2019s big announcement follows the company\u2019s fourth quarter earnings report released after the bell on March 25, 2025. But notably, this comes about a month since <a href=\"https:\/\/www.cnbc.com\/2025\/02\/13\/gamestop-is-considering-investing-in-bitcoin-and-other-cryptocurrencies-sources-say.html\" target=\"_blank\" rel=\"noopener\">initial reports<\/a> emerged suggesting the video game operator was looking into crypto. Speculation at the time was that the company was considering adding BTC to its balance sheet.<\/p>\n<p>At the time, most of the fuel to this narrative hinged on a post by GameStop chief executive officer Ryan Cohen.<\/p>\n<p>In the image <a href=\"https:\/\/x.com\/ryancohen\/status\/1888098643732811864\" target=\"_blank\" rel=\"noopener\">shared<\/a> on X, Cohen was with Strategy founder and executive chairman Michael Saylor.<\/p>\n<p>As noted above, Saylor\u2019s artificial intelligence-powered business intelligence solutions provider holds the largest haul of BTC by a corporate entity. Following its latest purchase, Strategy holds over 506,000 bitcoins, acquired for over $33.7 billion.<\/p>\n<p>Bitcoin traded near $88,200 at the time of writing, flat in the past 24 hours but nearly 8% up in the past week. Meanwhile, the GameStop stock<\/p>\n<p>GameStop (GME) stock jumped 6% in after-hours trading, hovering around $26.82.<\/p>\n<div>\n<hr>\n<h6>Share this article<\/h6>\n<hr>\n<h6>Categories<\/h6>\n<hr>\n<h6>Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/gamestop-adds-bitcoin-as-a-treasury-reserve-asset\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Benson Toti<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GameStop has announced that its board has approved the addition of Bitcoin as a treasury reserve asset. The video game operator shared the news via a press release on Tuesday, March 25, 2025. Bitcoin price hovered above $88k at the time of writing. GameStop, the publicly-traded video game operator, has announced that it\u2019s adding Bitcoin<\/p>\n","protected":false},"author":1,"featured_media":836803,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,24534],"tags":[],"class_list":{"0":"post-836802","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-gamestop"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/836802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=836802"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/836802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/836803"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=836802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=836802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=836802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}